PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401864
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401864
Heat Recovery Dryer Market Forecasts to 2030 - Global Analysis By Type (Heat Pump, Belt, Refrigerant, Rotary, Plate, Thermal Fluid and Other Types), End User and By Geography
According to Stratistics MRC, the Global Heat Recovery Dryer Market is accounted for $815.2 million in 2023 and is expected to reach $1072.8 million by 2030 growing at a CAGR of 4.0% during the forecast period. Heat Recovery Dryers are a sort of drying equipment that is often used in industrial settings to remove moisture from various commodities such as grains, food goods, or chemicals. It works by repurposing and recycling the heat produced during the drying process, which increases energy economy. The material is dried by being passed through a hot air circulation system. The material is saturated with moisture as a result of the hot air passing through, making the air humid.
Market Dynamics:
Driver:
Energy efficiency concerns
Businesses are putting more and more emphasis on cutting expenses and conserving energy. Heat recovery dryers provide an effective way to reduce energy usage by recycling waste heat. Reduced energy use results in a reduced carbon footprint and a decrease in greenhouse gas emissions, both of which support environmental sustainability. Heat recovery dryers can reduce utility costs over time by using less energy, which makes them more economical overall. This is the factor driving up demand for market expansion.
Restraint:
Performance variability
Factors like humidity levels, outside temperature, and the kind of material being dried can all affect how effective heat recovery dryers are. The recovery process may be less successful under some circumstances, which might affect the drying efficiency as a whole. Not every kind of textile is suited for these dryers. Heat recovery is not always beneficial for all materials, hence the additional cost is not always justified. This is the factor impeding the market's expansion.
Opportunity:
Technological advancements
Heat exchangers are now more efficient due to advancements in material science and design. Improved capacity to transport heat and increased surface area enable more efficient heat recovery during the drying phase. More attractive and practical heat recovery systems are now a reality for a wider range of sectors due to continuous technical breakthroughs. The demand for market expansion is being driven by this aspect.
Threat:
Complexity and cost of installation
Installing heat recovery dryers might be more complicated than typical dryer installations. Heat exchangers are among the extra parts they need, which raises the initial installation price. Heat recovery dryers may need a larger upfront investment than standard dryers, despite the fact that they provide long-term savings through energy efficiency. For companies with tight budgets, this upfront expense might be a negative aspect.
COVID-19 Impact:
Heat recovery dryer demand have changed. Due to closures or reduced operations, certain industries may have seen a fall in demand, while others-particularly those related to the production of critical products or healthcare-may have seen an increase in demand. The epidemic forced several sectors to concentrate on efficiency and innovation. This could have prompted R&D initiatives to improve the effectiveness, affordability, or flexibility of heat recovery dryers in response to shifting conditions.
The heat pump segment is expected to be the largest during the forecast period
The heat pump segment is expected to be the largest during the forecast period. Heat pump dryers use a lot less energy than conventional vented dryers. Generally speaking, these dryers run at lower temperatures than vented dryers, which are kinder on clothing. Delicate clothes won't be overdried or harmed by lower heat. Heat pump dryers lower the humidity in the laundry room by drawing moisture from the air and storing it in a tank or draining it out. This is especially useful in moist settings.
The pharmaceutical segment is expected to have the highest CAGR during the forecast period
The pharmaceutical segment is expected to have the highest CAGR during the forecast period. These dryers obtain the energy required for drying from a variety of waste heat sources, including solar heat, exhaust gases from engines, and industrial activities. The agricultural products are arranged in a room with circulating hot air. By helping to evaporate the moisture from the crops, the heat from the recovered source efficiently dries them out.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Heat recovery dryers are becoming more and more common because of their energy-saving construction. These dryers reduce the energy needed to heat the air and dry the clothes by recovering waste heat from the exhaust air and using it to pre-heat incoming air through the use of a heat exchanger. Heat recovery dryers are available from a number of manufacturers to meet the demands of both home and business customers.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The market for heat recovery dryers has been fueled by the region's increased emphasis on sustainability and energy efficiency. They assist businesses in cutting operating expenses by lowering energy usage and greenhouse gas emissions. Furthermore, a lot of the nations in the area have strict environmental laws, which forces businesses to invest in environmentally friendly technology like heat recovery dryers in order to meet these requirements.
Key players in the market:
Some of the key players in Heat Recovery Dryer market include Jenn Sheng Precision Industry, Quanyang Machinery, Guangdong Wensui, Hitachi, Beko Technologies, Katsuragi, Takubo, Andritz Group, Shincci Global, Airex Industries, Tornum, Stela, Rudnick & Enners GmbH, Kumera, Lode Star and Zanin.
Key Developments:
In October 2021, ANDRITZ has announced started-up a heat recovery chain of the tissue machine PM3 at ICT at its mill in Piano di Coreglia, Italy. The heat recovery chain, supplied by ANDRITZ Novimpianti, includes a PrimeDry YES Yankee Ecosteam System that produces approximately one third of the steam required for the Yankee by utilizing exhaust air from the Yankee hood.
Types Covered:
- Heat Pump
- Belt
- Refrigerant
- Rotary
- Plate
- Thermal Fluid
- Other Types
Applications Covered:
- Energy
- Chemical
- Pharmaceutical
- Agriculture
- Textile
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options::
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Heat Recovery Dryer Market, By Type
- 5.1 Introduction
- 5.2 Heat Pump
- 5.3 Belt
- 5.4 Refrigerant
- 5.5 Rotary
- 5.6 Plate
- 5.7 Thermal Fluid
- 5.8 Other Types
6 Global Heat Recovery Dryer Market, By Application
- 6.1 Introduction
- 6.2 Energy
- 6.3 Chemical
- 6.4 Pharmaceutical
- 6.5 Agriculture
- 6.6 Textile
- 6.7 Other Applications
7 Global Heat Recovery Dryer Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Jenn Sheng Precision Industry
- 9.2 Quanyang Machinery
- 9.3 Guangdong Wensui
- 9.4 Hitachi
- 9.5 Beko Technologies
- 9.6 Katsuragi
- 9.7 Takubo
- 9.8 Andritz Group
- 9.9 Shincci Global
- 9.10 Airex Industries
- 9.11 Tornum
- 9.12 Stela
- 9.13 Rudnick & Enners GmbH
- 9.14 Kumera
- 9.15 Lode Star
- 9.16 Zanin
List of Tables
- Table 1 Global Heat Recovery Dryer Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Heat Recovery Dryer Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Heat Recovery Dryer Market Outlook, By Heat Pump (2021-2030) ($MN)
- Table 4 Global Heat Recovery Dryer Market Outlook, By Belt (2021-2030) ($MN)
- Table 5 Global Heat Recovery Dryer Market Outlook, By Refrigerant (2021-2030) ($MN)
- Table 6 Global Heat Recovery Dryer Market Outlook, By Rotary (2021-2030) ($MN)
- Table 7 Global Heat Recovery Dryer Market Outlook, By Plate (2021-2030) ($MN)
- Table 8 Global Heat Recovery Dryer Market Outlook, By Thermal Fluid (2021-2030) ($MN)
- Table 9 Global Heat Recovery Dryer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 10 Global Heat Recovery Dryer Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Heat Recovery Dryer Market Outlook, By Energy (2021-2030) ($MN)
- Table 12 Global Heat Recovery Dryer Market Outlook, By Chemical (2021-2030) ($MN)
- Table 13 Global Heat Recovery Dryer Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 14 Global Heat Recovery Dryer Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 15 Global Heat Recovery Dryer Market Outlook, By Textile (2021-2030) ($MN)
- Table 16 Global Heat Recovery Dryer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 17 North America Heat Recovery Dryer Market Outlook, By Country (2021-2030) ($MN)
- Table 18 North America Heat Recovery Dryer Market Outlook, By Type (2021-2030) ($MN)
- Table 19 North America Heat Recovery Dryer Market Outlook, By Heat Pump (2021-2030) ($MN)
- Table 20 North America Heat Recovery Dryer Market Outlook, By Belt (2021-2030) ($MN)
- Table 21 North America Heat Recovery Dryer Market Outlook, By Refrigerant (2021-2030) ($MN)
- Table 22 North America Heat Recovery Dryer Market Outlook, By Rotary (2021-2030) ($MN)
- Table 23 North America Heat Recovery Dryer Market Outlook, By Plate (2021-2030) ($MN)
- Table 24 North America Heat Recovery Dryer Market Outlook, By Thermal Fluid (2021-2030) ($MN)
- Table 25 North America Heat Recovery Dryer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 26 North America Heat Recovery Dryer Market Outlook, By Application (2021-2030) ($MN)
- Table 27 North America Heat Recovery Dryer Market Outlook, By Energy (2021-2030) ($MN)
- Table 28 North America Heat Recovery Dryer Market Outlook, By Chemical (2021-2030) ($MN)
- Table 29 North America Heat Recovery Dryer Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 30 North America Heat Recovery Dryer Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 31 North America Heat Recovery Dryer Market Outlook, By Textile (2021-2030) ($MN)
- Table 32 North America Heat Recovery Dryer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 33 Europe Heat Recovery Dryer Market Outlook, By Country (2021-2030) ($MN)
- Table 34 Europe Heat Recovery Dryer Market Outlook, By Type (2021-2030) ($MN)
- Table 35 Europe Heat Recovery Dryer Market Outlook, By Heat Pump (2021-2030) ($MN)
- Table 36 Europe Heat Recovery Dryer Market Outlook, By Belt (2021-2030) ($MN)
- Table 37 Europe Heat Recovery Dryer Market Outlook, By Refrigerant (2021-2030) ($MN)
- Table 38 Europe Heat Recovery Dryer Market Outlook, By Rotary (2021-2030) ($MN)
- Table 39 Europe Heat Recovery Dryer Market Outlook, By Plate (2021-2030) ($MN)
- Table 40 Europe Heat Recovery Dryer Market Outlook, By Thermal Fluid (2021-2030) ($MN)
- Table 41 Europe Heat Recovery Dryer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 42 Europe Heat Recovery Dryer Market Outlook, By Application (2021-2030) ($MN)
- Table 43 Europe Heat Recovery Dryer Market Outlook, By Energy (2021-2030) ($MN)
- Table 44 Europe Heat Recovery Dryer Market Outlook, By Chemical (2021-2030) ($MN)
- Table 45 Europe Heat Recovery Dryer Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 46 Europe Heat Recovery Dryer Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 47 Europe Heat Recovery Dryer Market Outlook, By Textile (2021-2030) ($MN)
- Table 48 Europe Heat Recovery Dryer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 49 Asia Pacific Heat Recovery Dryer Market Outlook, By Country (2021-2030) ($MN)
- Table 50 Asia Pacific Heat Recovery Dryer Market Outlook, By Type (2021-2030) ($MN)
- Table 51 Asia Pacific Heat Recovery Dryer Market Outlook, By Heat Pump (2021-2030) ($MN)
- Table 52 Asia Pacific Heat Recovery Dryer Market Outlook, By Belt (2021-2030) ($MN)
- Table 53 Asia Pacific Heat Recovery Dryer Market Outlook, By Refrigerant (2021-2030) ($MN)
- Table 54 Asia Pacific Heat Recovery Dryer Market Outlook, By Rotary (2021-2030) ($MN)
- Table 55 Asia Pacific Heat Recovery Dryer Market Outlook, By Plate (2021-2030) ($MN)
- Table 56 Asia Pacific Heat Recovery Dryer Market Outlook, By Thermal Fluid (2021-2030) ($MN)
- Table 57 Asia Pacific Heat Recovery Dryer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 58 Asia Pacific Heat Recovery Dryer Market Outlook, By Application (2021-2030) ($MN)
- Table 59 Asia Pacific Heat Recovery Dryer Market Outlook, By Energy (2021-2030) ($MN)
- Table 60 Asia Pacific Heat Recovery Dryer Market Outlook, By Chemical (2021-2030) ($MN)
- Table 61 Asia Pacific Heat Recovery Dryer Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 62 Asia Pacific Heat Recovery Dryer Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 63 Asia Pacific Heat Recovery Dryer Market Outlook, By Textile (2021-2030) ($MN)
- Table 64 Asia Pacific Heat Recovery Dryer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 65 South America Heat Recovery Dryer Market Outlook, By Country (2021-2030) ($MN)
- Table 66 South America Heat Recovery Dryer Market Outlook, By Type (2021-2030) ($MN)
- Table 67 South America Heat Recovery Dryer Market Outlook, By Heat Pump (2021-2030) ($MN)
- Table 68 South America Heat Recovery Dryer Market Outlook, By Belt (2021-2030) ($MN)
- Table 69 South America Heat Recovery Dryer Market Outlook, By Refrigerant (2021-2030) ($MN)
- Table 70 South America Heat Recovery Dryer Market Outlook, By Rotary (2021-2030) ($MN)
- Table 71 South America Heat Recovery Dryer Market Outlook, By Plate (2021-2030) ($MN)
- Table 72 South America Heat Recovery Dryer Market Outlook, By Thermal Fluid (2021-2030) ($MN)
- Table 73 South America Heat Recovery Dryer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 74 South America Heat Recovery Dryer Market Outlook, By Application (2021-2030) ($MN)
- Table 75 South America Heat Recovery Dryer Market Outlook, By Energy (2021-2030) ($MN)
- Table 76 South America Heat Recovery Dryer Market Outlook, By Chemical (2021-2030) ($MN)
- Table 77 South America Heat Recovery Dryer Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 78 South America Heat Recovery Dryer Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 79 South America Heat Recovery Dryer Market Outlook, By Textile (2021-2030) ($MN)
- Table 80 South America Heat Recovery Dryer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 81 Middle East & Africa Heat Recovery Dryer Market Outlook, By Country (2021-2030) ($MN)
- Table 82 Middle East & Africa Heat Recovery Dryer Market Outlook, By Type (2021-2030) ($MN)
- Table 83 Middle East & Africa Heat Recovery Dryer Market Outlook, By Heat Pump (2021-2030) ($MN)
- Table 84 Middle East & Africa Heat Recovery Dryer Market Outlook, By Belt (2021-2030) ($MN)
- Table 85 Middle East & Africa Heat Recovery Dryer Market Outlook, By Refrigerant (2021-2030) ($MN)
- Table 86 Middle East & Africa Heat Recovery Dryer Market Outlook, By Rotary (2021-2030) ($MN)
- Table 87 Middle East & Africa Heat Recovery Dryer Market Outlook, By Plate (2021-2030) ($MN)
- Table 88 Middle East & Africa Heat Recovery Dryer Market Outlook, By Thermal Fluid (2021-2030) ($MN)
- Table 89 Middle East & Africa Heat Recovery Dryer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 90 Middle East & Africa Heat Recovery Dryer Market Outlook, By Application (2021-2030) ($MN)
- Table 91 Middle East & Africa Heat Recovery Dryer Market Outlook, By Energy (2021-2030) ($MN)
- Table 92 Middle East & Africa Heat Recovery Dryer Market Outlook, By Chemical (2021-2030) ($MN)
- Table 93 Middle East & Africa Heat Recovery Dryer Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 94 Middle East & Africa Heat Recovery Dryer Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 95 Middle East & Africa Heat Recovery Dryer Market Outlook, By Textile (2021-2030) ($MN)
- Table 96 Middle East & Africa Heat Recovery Dryer Market Outlook, By Other Applications (2021-2030) ($MN)
